Amazon Raises Investment in India to $26 Billion by 2030

FILE PHOTO: A man walks past a logo of Amazon Prime Video during a launch event in Mumbai, India, April 28, 2022. REUTERS/Francis Mascarenhas/File PhotoREUTERS
FILE PHOTO: A man walks past a logo of Amazon Prime Video during a launch event in Mumbai, India, April 28, 2022. REUTERS/Francis Mascarenhas/File PhotoREUTERS
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Amazon Raises Investment in India to $26 Billion by 2030

FILE PHOTO: A man walks past a logo of Amazon Prime Video during a launch event in Mumbai, India, April 28, 2022. REUTERS/Francis Mascarenhas/File PhotoREUTERS
FILE PHOTO: A man walks past a logo of Amazon Prime Video during a launch event in Mumbai, India, April 28, 2022. REUTERS/Francis Mascarenhas/File PhotoREUTERS

Amazon.com Inc said on Friday it will take its investments in India to $26 billion by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States.

Though Jassy gave no breakdown, the announcement follows Amazon's cloud computing unit Amazon Web Services (AWS) saying last month it will invest 1.06 trillion rupees ($12.9 billion) in the country by the end of 2030.

Earlier, Amazon had announced a $6.5 billion investment plan, largely to boost its e-commerce business where it competes with Walmart's Flipkart and billionaire Mukesh Ambani's Reliance Retail.

The new investment amount committed now comes to around an additional $6.5 billion, Reuters reported.

The e-commerce giant's announced investment during Modi's trip adds to other companies, including US semiconductor toolmaker Applied Materials and memory chip firm Micron Technology, which have made commitments during the Indian prime minister's state visit.

Modi and Jassy spoke about supporting Indian startups, creating jobs, enabling exports, digitisation, and empowering individuals and small businesses to compete globally, an Amazon blog post said.

Separately, Google will open a global fintech operation center in GIFT City in India's western state of Gujarat, with teams working on operations supporting its payment service GPay, and other product operations at Google, the company said in a statement to Reuters.

"We shared Google is investing $10 billion in the India digitisation fund, and we are continuing to invest through that," CEO Sundar Pichai told reporters in a video shared on Twitter by Reuters partner ANI company.

On the final day of his Washington trip, Modi met with US and Indian technology executives, including Apple's Tim Cook, Google's Pichai and Microsoft's Satya Nadella and appealed to global companies to "Make in India".



Inside the Underground Lab in China Tasked with Solving a Physics Mystery

A view of the soon-to-be-completed and sealed central detector at the Jiangmen Underground Neutrino Observatory (JUNO), during an organized media tour by the Chinese foreign ministry and the Chinese Academy of Sciences (CAS), in Kaiping, Guangdong province, China October 11, 2024. (Reuters)
A view of the soon-to-be-completed and sealed central detector at the Jiangmen Underground Neutrino Observatory (JUNO), during an organized media tour by the Chinese foreign ministry and the Chinese Academy of Sciences (CAS), in Kaiping, Guangdong province, China October 11, 2024. (Reuters)
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Inside the Underground Lab in China Tasked with Solving a Physics Mystery

A view of the soon-to-be-completed and sealed central detector at the Jiangmen Underground Neutrino Observatory (JUNO), during an organized media tour by the Chinese foreign ministry and the Chinese Academy of Sciences (CAS), in Kaiping, Guangdong province, China October 11, 2024. (Reuters)
A view of the soon-to-be-completed and sealed central detector at the Jiangmen Underground Neutrino Observatory (JUNO), during an organized media tour by the Chinese foreign ministry and the Chinese Academy of Sciences (CAS), in Kaiping, Guangdong province, China October 11, 2024. (Reuters)

A giant sphere 700 m (2,300 ft) underground with thousands of light-detecting tubes will be sealed in a 12-storey cylindrical pool of water in coming months for an experiment that will shine new light on elusive subatomic particles known as neutrinos.

After years of construction, the $300 million Jiangmen Underground Neutrino Observatory (JUNO) in China's southern Guangdong province will soon start gathering data on neutrinos, a product of nuclear reactions, to help solve one of the biggest mysteries in particle physics.

Every second, trillions of extremely small neutrinos pass through matter, including the human body. In mid-flight, a neutrino, of which there are three known varieties, could transform into other types. Determining which types are the lightest and the heaviest would offer clues to subatomic processes during the early days of the universe and to explaining why matter is the way it is.

To that end, Chinese physicists and collaborating scientists from all over the world will analyze the data on neutrinos emitted by two nearby Guangdong nuclear power plants for up to six years.

JUNO would also be able to observe neutrinos from the sun, gaining a real-time view of solar processes. It could also study neutrinos given off by the radioactive decay of uranium and thorium in the Earth to better understand mantle convection driving tectonic plates.

Due to go operational in the latter half of 2025, JUNO will outpace the far larger Deep Underground Neutrino Experiment (DUNE) under construction in the United States. DUNE, backed by the Long-Baseline Neutrino Facility (LBNF) under the US Department of Energy's (DOE) top particle physics laboratory, Fermilab, will come online around 2030.

The race to understand neutrinos and advance the study of particle physics, which has transformed medical imaging technologies and developed new energy sources, intensified when the DOE abruptly cut funding for US institutes collaborating on JUNO. It instead focused on building DUNE, which has since been plagued by delays and budget overruns, with costs skyrocketing to more than $3 billion.

"China had supported Fermilab's LBNF at the time, but later the cooperation could not continue," Wang Yifang, chief scientist and project manager of JUNO, told Reuters during a recent government-backed media tour of the facility.

"Around 2018-2019, the US DOE asked all national laboratories not to cooperate with China, so Fermilab was forced to stop working with us."

The DOE, the largest US funding agency for particle physics, did not respond to Reuters' request for comment.

Sino-US tensions have risen sharply over the past decade. A trade war erupted during the Trump administration and President Joe Biden later cracked down on the sale of advanced technology to China.

In August, a bilateral science and technology cooperation pact signed in 1979 lapsed, potentially pushing more scientists to seek alternative partners, creating duplication in research and missing out on collaboration that otherwise might have led to beneficial discoveries.

In the 2010s, the countries jointly produced a nuclear reactor that could use low-enriched uranium, minimizing the risk of any fuel being weaponized.

China's foreign ministry said Beijing was "in communication" with Washington about the lapsed science agreement. The US State Department did not comment.

SOLE US COLLABORATOR

Institutions collaborating on JUNO hail from locations including France, Germany, Italy, Russia and the US, and even self-governed Taiwan, which China claims as part of its territory.

Neutrino observatories are also being constructed in other places.

"The one in the US will be six years behind us. And the one in the France and in Japan, they will be two or three years later than us. So we believe that we can get the result of mass hierarchy (of neutrinos) ahead of everybody," Wang said.

So far, real-life neutrino applications remain a distant prospect. Some scientists have mulled the possibility of relaying long-distance messages via neutrinos, which pass through solid matter such as the Earth at near light speed.

Researchers are keeping their distance from politics to focus on science, although they remain at the mercy of governments providing the funding.

One US group remains in JUNO, backed by the National Science Foundation, which recently renewed its funding for its collaboration for another three years, the group's leading physicist told Reuters.

In contrast, more than a dozen US institutes participated in the predecessor to JUNO, the Daya Bay experiment, also in Guangdong.

"Despite any political differences, I believe that through our collaboration on this scientific endeavor, we are setting a positive example that may contribute, even in a small way, to bringing our countries closer together," said J. Pedro Ochoa-Ricoux of the University of California, Irvine.

DATA INTEGRITY

The passage of neutrinos from the two power stations will be logged by JUNO's 600 metric ton spherical detector, which will immediately transmit the data to Beijing electronically. The data will be simultaneously relayed to Russia, France and Italy, where it can be accessed by all of the collaborating institutions, said Cao Jun, JUNO's deputy manager.

Data integrity has been a concern among foreign companies in China since a law was enacted in 2021 on the use, storage and transfer of data in the name of safeguarding national security.

"We have a protocol to make sure that no data is missing," Cao said.

For data on the more crucial aspects of the experiment, at least two independent teams will conduct analyses, with their results cross-checked.

"When these two groups get a consistent result, we can publish it," Cao said.

US-based Ochoa-Ricoux, who previously collaborated on China's Daya Bay experiment, will lead the data analysis for JUNO. He will also be involved in the DUNE data analysis.

"We welcome the Americans," said Wang, also director of the Institute of High Energy Physics, the Chinese counterpart of Fermilab.